ANNOUNCED AS TEMPORARYYes
On 23 June 2016 the Brazilian Foreign Trade Council (Camex) issued Resolution No. 55 decreasing the import tariff on a number of products related to capital goods to 2%.
The measure entered into force on 24 June 2016 and is in force until 31 December 2016 or 31 December 2017 depending on the subject good.
Additionally the Resolution removes certain maritime piston engines from the ex-tarifário regime falling under tariff heading 8407.21.90 Ex. 043 from 1 August 2016. As such this good will no longer have an import tariff of 2% from the above date.
On the same day Resolution No. 47 additionally reduced the import tariff on a number of products related to capital goods, see related measure. The Camex Resolutions No. 47 and 55 reduces the import tariff of 769 products related to capital goods. Of these goods 443 are extended and the remaining 326 are new.
The tariffs were reduced under Brazil's ex-tarifário regime, which allows temporary customs duty exceptions under the Mercosur Common External Tariff on capital and IT goods. Such an exception can be invoked in case the good in question has no domestically produced equivalent. The goal of this is to restructure Brazil's industrial park and infrastructure services (see WTO Trade Policy Review).
The measure was additionally introduced simultaneously with Camex Resolution No. 48 and 56 that reduces the tariff on IT goods (see related measures). All four Resolutions produce 811 ex-tarifários.
Affected sectors and countries of origin according to Camex
The main affected sectors by all four measures are energy (25.07%); capital goods (14.86%); rail (11.49%); services (5.82%); food (4.48%); medical and hospital (3.76%) and mining (3.73%).
The products' country of origin by all four measures are China (33.65%); United States (19.81%); Germany (14.68%); Italy (6.96%); Austria (3.57%); Sweden (3.32%); Switzerland (3.17%); France (2.16%) and the Netherlands (1.98%).
Affected trading partners are identified based on UN Comtrade's import data from 2014.
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